Reserve Bank moots rate cut to counter slowing economy, housing dip

Reserve Bank deputy governor Guy Debelle has flagged a possible cut to official interest rates if slowing growth and the housing downturn begin to hurt the economy.

The possibility of emergency measures comes after confirmation this week that the economy dramatically slowed in the most recent quarter and that tighter lending standards from banks could damage confidence even more.

Duration: 3min 28sec

Broadcast:
Fri 7 Dec 2018, 12:20pm

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Guy Debelle, deputy governor, Reserve Bank

Paul Bloxham, chief economist, HSBC Australia

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